Redhawk Resources, Inc.

Redhawk Resources, Inc.

October 19, 2015 08:30 ET

Redhawk Provides Update on Copper Creek Joint Venture

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 19, 2015) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(FRANKFURT:QF7) is pleased to provide an update on the Copper Creek joint venture with Anglo American (the" Joint Venture").

The Joint Venture currently funded by Anglo American has expended the required US$3,000,000 (C$4,000,000) year one work commitment. The work completed included two exploration drill holes to the northwest of the American Eagle current resource area to test an area of strong alteration; a comprehensive geochemistry and geophysics review; and additional mapping and sampling. The geophysics work was comprised of a ZTEM and magnetics airborne survey and an airborne hyperspectral survey of the entire district. The ZTEM has the capability to detect geophysical signatures to as deep as 5,000 feet (1,500 meters) and has indicated geophysical anomalies in areas where anticipated as well as additional locations and an extension of the current resource body. The airborne work in combination with the other efforts has supported a number of drill targets previously identified and helped development of several new target areas. A number of the new targets are anticipated to be pursued as part of the second year US$4,000,000 (C$5,300,000) work program, due to start in November, which is also planned to include drilling and additional ground evaluations.

"We are very pleased with the joint effort with Anglo American at Copper Creek in the past ten months," stated Joe Sandberg, President and CEO. "Redhawk is currently the operator for the program and we had excellent support and input from various discipline experts on the Anglo American team. The result has been an advancement of our joint knowledge of the potential of the Copper Creek asset and the identification of areas to be more closely examined in year two of the Joint Venture."

Redhawk is a Canadian-based resource exploration and development company with a current focus on the advancement of the Copper Creek copper-molybdenum project in San Manuel, Arizona through a joint venture with Anglo American. The Copper Creek property consists of approximately twenty-nine square miles of contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure including power, rail, water, roads and qualified consultants. Redhawk is concurrently implementing a strategy for growth through the opportunistic acquisition of interests in further mineral projects during this period of decreased valuations in the mining sector.


J. Stephen Barley, Executive Chairman

Cautionary Note Regarding Forward Looking Information

Certain statements contained in this press release constitute forward-looking information within the meaning of applicable securities laws. These forward looking statements relate to future events or the Company's future performance, business prospects or opportunities. The Company believes that the expectations reflected in such forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. These statements speak only as of the date of this press release. Forward looking information involves risks and uncertainties which may cause actual results to be materially different from those expressed or implied by such forward looking information. The Company does not intend, and does not assume any obligation, to update any forward-looking information except as required by law.

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